Comments from Bank of Canada deputy Tim Lane in Thunder Bay, ON

The text from Lane's speech isn't out but there's a presentation on the BOC website with some bullet points.

  • US economy providing lift to Canadian economy but exports disappointing
  • Inflation is close to target
  • Demographics are restraining growth
  • Commodity and non-commodity sectors running at different speeds
  • Labor market is still recovering

The full presentation is here. There will be more detailed headlines when he speaks. He's set to talk at 12:25 pm ET.